Datapoint Delays New Building

AP

Published: March 10, 1982

SAN ANTONIO, March 9—
The Datapoint Corporation, citing an ''adverse business climate,'' said it had indefinitely postponed its plans to build a $50 million headquarters here.

The computer company had already broken ground on the project.

Harold O'Kelley, president and chief executive, had called the project ''the single most important announcement in Datapoint's history'' when it was announced last September.

The company's stock has foundered in recent weeks because of projections that its profits would be battered in coming months amid a serious recession in the electronics industry. For the quarter ended Jan. 31, it reported earnings of $11.2 million.